Which of the following raise the incentive for households to save?
a. means-testing of government benefits and inheritance taxes
b. means-testing of government benefits but not inheritance taxes
c. inheritance taxes, but not means-testing of government benefits
d. neither means-testing of government benefits nor inheritance taxes
d
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If resources are freely mobile and the nonmonetary benefits of supplying resources to alternative uses are identical, resources adjust across uses until they earn the same in different uses
Indicate whether the statement is true or false
Refer to the graph shown. The profit-maximizing monopolist would be:
A. making zero economic profits. B. earning accounting but not economic profits. C. making economic profits. D. sustaining a loss.
Which of the following is the largest expenditure item of state governments?
A. Health and hospitals B. Highways C. Education D. Public welfare
If the Federal Reserve raises its target inflation rate, the monetary policy reaction function ________ and the aggregate demand curve ________.
A. shifts upward to the left; shifts to the right B. shifts downward to the right; shifts to the left C. shifts upward to the left; shifts to the left D. shifts downward to the right; shifts to the right